Stride, Inc. (NYSE:LRN – Get Rating) Executive Vice President Vincent Mathis sold 53,506 shares of the company in a trade dated Monday, May 23. The stock was sold at an average price of $36.78, for a total value of $1,967,950.68. Following the transaction, the executive vice president now directly owns 40,562 shares of the company, valued at approximately $1,491,870.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink.

Shares of Stride rose $2.42 during Wednesday’s trading, hitting $39.67. 1,420,024 shares of the company were traded, against an average volume of 549,294. The company has a quick ratio of 3.39, a current ratio of 3.48 and a leverage ratio of 0.57. Stride, Inc. has a fifty-two-week low of $25.55 and a fifty-two-week high of $41.20. The stock has a market capitalization of $1.70 billion, a price/earnings ratio of 18.71, a P/E/G ratio of 0.72 and a beta of 0.37. The company has a 50-day moving average price of $36.34 and a 200-day moving average price of $34.35.

Stride (NYSE:LRN – Get Rating) last released its quarterly results on Tuesday, April 19. The company reported earnings per share of $1.02 for the quarter, beating the consensus estimate of $0.84 by $0.18. The company posted revenue of $421.72 million in the quarter, versus a consensus estimate of $410.73 million. Stride had a return on equity of 11.78% and a net margin of 5.50%. Stride’s revenue increased 7.5% year over year. During the same period a year earlier, the company posted EPS of $0.57. Analysts predict Stride, Inc. will post earnings per share of 2.53 for the current year.

A number of institutional investors and hedge funds have recently changed their holdings in the company. Davy Global Fund Management Ltd increased its holdings in Stride by 2.9% in the fourth quarter. Davy Global Fund Management Ltd now owns 10,907 shares in the company valued at $364,000 after acquiring 307 additional shares in the last quarter. Arizona State Retirement System increased its equity stake in Stride by 3.3% during the first quarter. Arizona State Retirement System now owns 11,561 shares of the company valued at $420,000 after purchasing 367 additional shares during the period. Rhumbline Advisers increased its stake in Stride shares by 0.6% during the 4th quarter. Rhumbline Advisers now owns 57,488 shares of the company valued at $1,916,000 after purchasing an additional 368 shares during the period. California State Teachers Retirement System increased its stake in Stride shares by 0.7% during the third quarter. California State Teachers Retirement System now owns 55,921 shares of the company valued at $2,010,000 after purchasing 399 additional shares during the period. Finally, Comerica Bank increased its stake in Stride shares by 1.5% during the 4th quarter. Comerica Bank now owns 26,635 shares of the company valued at $719,000 after purchasing an additional 400 shares during the period. Institutional investors hold 85.92% of the company’s shares.

LRN has been the subject of a number of research reports. Morgan Stanley raised its price target on Stride from $36.00 to $39.00 and gave the stock an “equal weight” rating in a Wednesday, April 20 report. Barrington Research raised its price target on Stride from $45.00 to $50.00 in a Wednesday, April 20 research note. Zacks Investment Research downgraded Stride from a “hold” rating to a “buy” rating and set a price target of $45.00 for the stock in a Friday, April 22 research note. Finally, StockNews.com upgraded Stride from a “hold” to a “buy” rating in a Friday, April 22 research report.

Company Profile (Get a rating)

Stride, Inc, a technology-based education company, provides proprietary and third-party online curricula, software systems, and educational services to facilitate individualized learning for students primarily in K-12 ( K-12) in the United States and internationally. Its technology-based products and services enable customers to attract, enroll, educate, track progress and support students.

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